June 11th, 2026 - 03:36 GMT
DIB, rated A3 by Moody’s and A by Fitch, the world's first Islamic bank and the largest in the UAE, has successfully priced a USD 1 billion Additional Tier 1 Perpetual Non-Call 6-Year Sukuk at a profit rate of 6.250%, equivalent to a reset spread of 191.10 basis points over the interpolated U.S. treasury rate. The transaction reflects strong investor confidence in DIB’s robust credit fundamentals, resilient profitability, and prudent capital management framework. Executed against a challenging geopolitical backdrop, the issuance attracted significant demand from regional and international investors, reaffirming ...